Save Article

Toyota's Emerging-Market Push Pays Off

Net Profit Rises 7.5%
As China, Russia Offset
North America Decline

By

John Murphy

Updated Feb. 6, 2008 12:01 a.m. ET

TOKYO -- Toyota Motor Corp. said net profit rose 7.5% in the October-December quarter, thanks to strong sales in China, Russia and other emerging markets, but saw quarterly North American sales drop for the first time in more than four years amid growing fears of a U.S. slowdown.